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Oil & Gas - Page 10

Business·Finance & Economy·News·Nigeria·Oil & Gas

Manufacturers Call for Natural Gas Shift to Maximise Production

Manufacturers in southeast Nigeria have urged a shift from diesel to natural gas to lower soaring energy costs and boost industrial growth, warning that unreliable and expensive power supply threatens the survival of factories. Adaora Chukwudozie, chair of the South-East region of

March 6, 2026

Business·Oil & Gas

PETROAN Urges Tinubu To Order Privatisation Of Port Harcourt Refinery

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has strongly criticized the Nigerian National Petroleum Company Limited (NNPCL) for reversing its earlier consideration to privatize the Port Harcourt Refining Company (PHRC). PETROAN called on President Bola Tinubu to approve the

August 1, 2025

Business·News·Oil & Gas

Jigawa Residents Spent More On Petrol In June

The latest Petrol Price Watch released by the National Bureau of Statistics (NBS) showed that the average retail price of Premium Motor Spirit (PMS) in Nigeria rose to N1037.66 in June 2025, with Jigawa residents spending more on the commodity. The NBS report released on

August 1, 2025

News·Oil & Gas

Nigerians Demand Accountability As NNPC Reverses Port Harcourt Refinery Sale Decision

The decision of the Nigerian National Petroleum Company Limited (NNPCL) not to sell the Port Harcourt Refinery has sparked mixed reactions from stakeholders, including industry experts, labor unions, and private sector representatives. A statement released by the national oil firm on Wednesday quoted the GCEO, Bayo Ojulari,

July 31, 2025

News·Oil & Gas

Port Harcourt Refinery Not For Sale—NNPC

The Nigerian National Petroleum Company Limited (NNPC) has declared that the Port Harcourt Refinery is not for sale, reaffirming its commitment to completing rehabilitation of the plant. Group Chief Executive Officer (GCEO) of NNPC, Bashir Bayo Ojulari, made this known during a

July 30, 2025

Business·Oil & Gas

We Can’t Have Dangote’s 650,000bpd Refinery And Still Be Importing Fuel – Expert

As talks about attaining energy self-sufficiency dominate discourse, energy expert, Mr Ikechukwu Okafor, has said it will be an anathema for Nigeria to have a 650,000 barrels per day Dangote refinery and still be importing refined petroleum products. Africa’s richest man and

July 28, 2025

News·Oil & Gas

New Crude Oil Evacuation Routes Will Curb Oil Theft, Boost Production – CEGA

The Centre for Energy Governance and Accountability (CEGA) has commended the federal government for approving 37 new crude oil evacuation routes, saying the move will help to significantly reduce oil theft, improve transparency, and boost Nigeria’s oil production. The group’s commendation followed

July 27, 2025

Business·News·Oil & Gas

Dangote Refinery Receives 4,000 Brand-new CNG Trucks For Fuel Distribution Nationwide

Dangote refinery has announced the arrival of 4,000 brand-new CNG-powered trucks to be used in the distribution of petroleum products across Nigeria. A video shared on the company’s X handle on Saturday showed the arrival of vessels containing the brand-new CNG trucks

July 27, 2025

Business·News·Oil & Gas

LCCI Calls For Review Of Nigeria’s 2025 Budget Oil Benchmark Amid Declining Prices

Following the persistent decline in the prices of crude oil on the international market, the Lagos Chamber of Commerce and Industry (LCCI) has called for a review of the oil price benchmark in Nigeria’s 2025 national budget. The 2025 budget contains an

July 25, 2025

Oil & Gas

West Africa Still Imports 69% Of Petrol Despite Domestic Refining Rise – NMDPRA

Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has revealed that West Africa continues to rely heavily on imported fuel, with nearly 70 percent of its gasoline sourced from overseas markets despite recent expansions in regional

July 22, 2025

Business·Oil & Gas·Top Stories

NNPC Revenue Drops By 23.9% Amid Global Oil Market Volatility

The Nigerian National Petroleum Company (NNPC) Limited reported a 23.9 per cent decline in oil revenue in June 2025, dropping to ₦4.57 trillion from ₦6 trillion in May. This marked the lowest revenue in three months. The drop was attributed to volatile global crude prices in recent times, driven by geopolitical

July 22, 2025

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Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigeria recorded a sharp increase in foreign capital inflows in

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Oil & Gas - Page 10

Manufacturers Call for Natural Gas Shift to Maximise Production

PETROAN Urges Tinubu To Order Privatisation Of Port Harcourt Refinery

Jigawa Residents Spent More On Petrol In June

Nigerians Demand Accountability As NNPC Reverses Port Harcourt Refinery Sale Decision

Port Harcourt Refinery Not For Sale—NNPC

We Can’t Have Dangote’s 650,000bpd Refinery And Still Be Importing Fuel – Expert

New Crude Oil Evacuation Routes Will Curb Oil Theft, Boost Production – CEGA

Dangote Refinery Receives 4,000 Brand-new CNG Trucks For Fuel Distribution Nationwide

LCCI Calls For Review Of Nigeria’s 2025 Budget Oil Benchmark Amid Declining Prices

West Africa Still Imports 69% Of Petrol Despite Domestic Refining Rise – NMDPRA

NNPC Revenue Drops By 23.9% Amid Global Oil Market Volatility

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Manufacturers Call for Natural Gas Shift to Maximise Production

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Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Dangote Cement Records 20% Increase in 2025 Revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

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